A bill to bring the 4th Anti-Money Laundering Directive (4th AMLD) into Maltese law is now on the books, after a reprimand from the European Commission for missing the initial deadline.
Predictions that technological and regulatory reforms could propel account-to-account payments ahead of traditional card transactions may have been understated, experts believe — providing...
The Australian government is consulting on a draft bill that includes reforms for credit cards, looking to improve the consumer protection of vulnerable consumers and enhancing competition in the...
The final round of comments for the Consumer Financial Protection Bureau’s re-imagined prepaid card rule closed on Tuesday, bringing a likely end to the heavily contested issue.
HM Treasury has promised to examine whether it can support retailers adversely affected by EU-level interchange fee rules, after admitting some sectors have seen costs rise by as much as 3,000...
The law firm seeking £14bn in damages from Mastercard on behalf of millions of UK consumers is attempting to revive the lawsuit, which was blocked by a UK court last month.
First Data and Wells Fargo have been accused of charging merchants inflated and misleading fees for card processing services in a class action lawsuit filed last week.
Hong Kong’s financial regulator has denied suggestions it will introduce new rules requiring cash machine operators to carry out face recognition checks on consumers.
The European Commission has issued fresh complaints over Visa’s interchange fees on cross-border card transactions, part of a decade-long antitrust investigation.
Legal experts believe Singapore’s revamped Payments Council will still play a significant role in the payments sector, despite decisions to water down its rulemaking powers.
Keith Noreika, acting head of the Office of the Comptroller of the Currency (OCC), has said that his department will no longer be looking to challenge the Consumer Financial Protection Bureau’s ...
On July 20, 2017, the draft legislation seeking to transpose Directive 2015/849 (also known as the 4th Anti-Money Laundering Directive - 4th AMLD) and ensure implementation of Regulation 2015/847 ...
UK consumer protection laws for credit card purchases could soon be subject to government review, despite warnings that expanding the rules could harm small retailers.
U.S. federal authorities have closed an investigation into alleged breaches of anti-bribery laws by a payment processor and card issuer operating in conjunction with the South African government.
Federal authorities in the U.S. have expressed concern that consumers are being misled or overcharged for card payments made by phone, threatening enforcement action against wrongdoers.
The UK’s Financial Conduct Authority (FCA) has proposed new transparency measures for current account providers, while European and Asian law enforcement will cooperate to establish a task force...

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